Netik Customers Successfully Upgrade To ISO15022 Standard

NEW YORK and LONDON, Feb. 18 – Netik, the information automation company that specializes in providing specific information-centric STP software solutions for the securities and other financial markets announced today all the relevant customers within its 200-plus client-base have successfully upgraded to the ISO15022 standard. This was achieved using a wide range of Netik’s transaction STP, financial messaging and information hub components, including the TurboSwift and InterChange product sets. Netik’s products have enabled their clients to take full advantage of the benefits and features offered by the new ISO15022 messaging standard.

Netik’s solution offers a highly integrated STP environment successfully combining multi channel delivery capabilities, with a complete securities information hub, seamlessly integrated using Netik’s financial messaging, application integration, and matching and reconciliation capabilities.

To date many clients have extended their Netik solution to accommodate the new standard. Netik has worked with customers over a number of years to automate the processing of custody transactions. The solution uses Netik’s rules-driven integration and workflow engine, InterChange, whilst presenting a single consolidated view of investment information via Netik’s investment information hub, InterView.

Through Netik, existing clients have extended and enriched their STP solution and have fully integrated ISO15022 into its processing infrastructure making full use of the ISO15022 field data dictionary. Netik's product set provides them with a complete solution seamlessly integrated with their back end systems. Central to the solution is Netik's Operational Data Store (ODS), which is based upon the ISO15022 data dictionary and facilitates compliant messaging, rules-based matching, workflow integration and transaction status tracking, all presented via web portal access for users.

Keith Hale, Managing Director and co-founder of Netik PLC commented, "We pride ourselves in meeting the needs of our customers on demand. The Netik solution provides a single consolidated platform for information and transaction STP."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development